Sukanya Samriddhi Yojana Changes: Keeping in mind the future of the daughter, Sukanya Samriddhi Yojana (SSY) started by the Modi government is a good initiative. If you also want to invest or are investing in this government scheme, then you should know about the changes in it.
You also get exemption under 80C on investing in ‘Sukanya Samriddhi Yojana’ (SSY), one of the small savings schemes of the government. Apart from this, you get an interest of 7.6 percent every year on this. Let’s know about the 5 big changes in SSY …
Under the new rules, if the wrong interest is put in a Sukanya Samriddhi account, then the provision to refund it has been removed. Earlier there was a provision to remove the wrong interest. Apart from this, the annual interest of the account will be credited at the end of every financial year.
Earlier your daughter could operate her ‘Sukanya Samriddhi Yojana’ account at the age of 10 years. According to the new rules, but now daughters before the age of 18 are not allowed to operate the account. That is, till the age of 18 years of the daughter, only the guardian will operate the account.
You can deposit a minimum of Rs 250 in the account annually and a maximum of Rs 1.5 lakh. If you do not deposit the minimum amount, your account may default. You can deposit money any number of times in a month.
Under the new rule, interest continues to accrue on the default account as well. If your account is not active, then till maturity, the amount deposited in the account used to earn interest at the rate applicable. Earlier this was not the rule.
Earlier, the investor used to get the benefit of tax exemption under 80C only after opening the accounts of two daughters. It was of no use to the third daughter. But if a daughter is followed by two twin daughters, then there is a provision to open an account for both of them as well.
The account of ‘Sukanya Samriddhi Yojana’ could be closed earlier on the death of the daughter or change of residence of the daughter. But now the life-threatening illness of the account holder has also been included in this. The account can be closed prematurely even in the event of the death of the guardian.
